Enclosed the outcome of Board Meeting held on 13th November 2025

Related-party transactionsEBITDA margin compressionExceptional itemResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.4%Reaction day

₹1023.75

prior close

₹1001.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-2.3% vs market

Castings & Forgings peers, median of 20sector-1.0%-1.5% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 1.5 pts less than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Castings & Forgings peers, median of 20Pending

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AI summary

Magna Electro Castings reported its Q2 FY26 results with revenue from operations rising to Rs. 5,233 lakh (up ~14.7% YoY from Rs. 4,564 lakh). However, profit after tax fell to Rs. 541 lakh (down ~19% YoY from Rs. 672 lakh) as the company's new Third Moulding Line, commissioned on 27th June 2025, led to sharply higher depreciation and finance costs. For H1 FY26, revenue grew to Rs. 10,085 lakh while PAT declined to Rs. 1,207 lakh from Rs. 1,344 lakh. Cash flow remained healthy with operating cash of Rs. 1,019 lakh despite heavy capex of Rs. 5,095 lakh for the new moulding line. The board also recommended appointing Smt. Nivedita Lakshmi Narayanaswamy as VP-Finance effective 1st January 2026, subject to shareholder approval.

Likely market impact

Revenue growth is positive and reflects capacity expansion, but the sharp drop in profitability due to higher depreciation and finance costs on the new moulding line may weigh on near-term earnings. The VP-Finance appointee is closely related to the Managing Director and Executive Director, which investors should note as a related-party governance item.